Analysis by an industry leader has examined how the type of borrower affects the likelihood of a mortgage default

Two-thirds of brokers believe borrowers will remain in a "siege mentality" until the RBA makes even further cuts to rates.

A new poll conducted by 1300 Home Loans has found 65% of brokers surveyed believe the RBA's May cut will provide only a small boost to consumer sentiment, with more cuts needed to bring borrowers out of hiding. Thirty per cent said the cut would deliver no help to the market at all.

1300 Home Loans managing director John Kolenda said pessimism abounded in the property market.

"Consumers including homebuyers are developing a siege mentality and only action that really puts some money back in their pockets such as repeated interest rate cuts is going to fix that," Kolenda said.